vancouverregion DETACHED -JULY 2023
SALES TO LISTINGSRATIO 16% BALANCEDMARKET
▶ MARKETSUMMARY Therewere6,975 detached listingsin theVancouver Region in July,3% aboveJuneand 6% lowerthan July 2022. July detached hom esalesdecreased by 30% m onth-over-m onth,to 1,132,and were30% aboveJuly 2022. Thesales-to-listing ratio fordetached in the Vancouver Region,at16% ,reflected abalanced m arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▲ 3% VS 2022
▼ 6% VS 2022
▲ 30% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
1,132 6,975
12% 872 7,416
38% 30% -6%
1,619 6,758
1.2% -1.2% -32% -30% 3%
Thedetachedm edian pricein Julywas$1,650,000,a 1.2% decreasefrom Juneand 3% aboveJuly2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,939,524 $1,650,000 16%
$1,916,829 $1,670,000 24%
Theaveragesold pricewas$1,939,524,1.2% abovelast m onth and up 4% toJuly2022.
$1,856,933 $1,600,000
4% 3%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
7,416
6,847
6,758
6,495
6,975
6,12
6,997
5,942
1.83
1.79
1.79
5,016
4,816
5,226
4,786
4,553
1.42
1.41
1.41
1,697
1,619
1,323
905
887
803
1,132
629
514
1,397
872
857
836
$1.71M $1.67M $1.65M
$1.60M $1.53M $1.52M $1.54M $1.50M $1.50M
$1.56M $1.65M
$1.45M $1.55M
22-Jul
23-Jun 23-Jul
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
2000
1500
1000
30%
27%
25%
25%
500
20%
17%
14%
10%
6%
0
<$600K
$600-799K
$800-999K
$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M
$2.0M -2.49M
$2.5M -2.99M
$3M+ 1,903 118 6%
S-L RATIO SALES INVENTORY
122 33 27%
72 10 14%
215 53 25%
408 123 30%
852 212 25%
1,696 341 20%
940 162 17%
767 80 10%
Copyright© August3,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftheren iegroupofcom panies.CurentasofAugust3,2023.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online